Robinhood Lists BNB, Deepening Crypto Exchange Functions
Robinhood listed BNB right now, furthering its rising standing as a crypto change. Despite this, neither the platform nor the token skilled important value strikes right now.
Still, Coinbase put BNB on its roadmap final week, in order that itemizing might have overshadowed right now’s occasions. Either approach, this improvement might develop into extra essential as BNB’s ahead momentum picks up once more.
Robinhood Lists BNB
Although BNB’s recent bullish period has turned wobbly in latest days, the token nonetheless has rather a lot going for it. The token’s on-chain activity is growing, its presence in meme coin trading is on the rise, Coinbase announced a BNB listing final week, and right now, Robinhood has listed it too:
Robinhood’s BNB buying and selling portal solely opened this morning, and to date, it hasn’t had a huge impact on value. The asset’s buying and selling volume barely elevated within the final 24 hours, rising just a little over 1%. Its valuation has additionally remained stagnant all through the morning, whereas Robinhood’s inventory value has solely declined for the reason that market opened:
A New Web3 Leader?
Considering that Robinhood’s previous token listings have led the underlying property to rally, right now’s efficiency appears just a little underwhelming. Nonetheless, it feels greater than just a little untimely to name the BNB itemizing a dud for Robinhood.
The on-line buying and selling platform has been intensifying its role as a crypto exchange for a number of months now, listing a slate of altcoins in August. This Web3 integration has attracted plenty of notoriety to the platform, even getting one Congressional crypto regulator to put money into the agency.
This new itemizing might have simply taken place throughout a lull for BNB momentum, however that isn’t Robinhood’s fault. Even if this publicity doesn’t construct group hype for the token or the buying and selling platform, it’d nonetheless be bullish in the long term. Robinhood is taking daring steps to be a brand new chief in Web3, and it took one other one right now.
No matter how group reactions lean within the subsequent few hours, this itemizing may develop in significance within the coming weeks and months.
The publish Robinhood Lists BNB, Deepening Crypto Exchange Functions appeared first on BeInCrypto.
